2015 March of Dimes set dimes - interesting trend developing

Discussion in 'Coin Chat' started by YoYoSpin, Jun 1, 2015.

  1. YoYoSpin

    YoYoSpin Active Member

    Here's my latest research and conclusion on the 2015 March of Dimes proof and reverse proof dimes certified by PCGS:

    Latest data from PCGS Population Report (as of June 1, 2015):
    - 2015 W proof (PR) dime: PR69 = 269, PR70 = 297
    - 2015 P reverse proof (RP) dime: RP69 = 348, RP70 = 173

    In the mean time, eBay auction sales between May 22 and June 1 look like this:
    - 2015 W PR70 dime: high = $150, low = $76, most recent = $76, total sales = 17
    - 2015 P RP70 dime: high = $380, low = $333, most recent = $379, total sales = 5

    Conclusion: 1) Number of Reverse Proof 70 dimes are dragging down the total number of complete sets in PCGS 70 grade...resulting in more PCGS PR70's dimes being offered for sale than RP70's. 2) Either the PCGS PR70 is underpriced or the RP70 is overpriced by a factor of 2 to 2.5, based purely on the respective coin's rarity (so far) in a PCGS holder. 3) Speculators/investors (not talking to collectors) might be best served to buy PCGS PR70 dimes...current eBay prices seem to be a relative bargain compared to the PCGS Reverse Proof 70.
     
    Last edited: Jun 1, 2015
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  3. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Just for the record, there is no 2015-W reverse proof dime. It's minted in Philly. The so-called regular proof is the only W.
     
  4. YoYoSpin

    YoYoSpin Active Member

    Thanks...OP corrected.
     
  5. onecenter

    onecenter Member

    Interesting assessments. Thank you.

    I am so happy I purchased my one set for $61.95. This keeps my all silver and clad commemorative collection complete with all proofs and uncirculateds from 1982 onwards. I have a smattering of the early golds, too.

    Modern commemoratives 'go bananas' if there is any hint of 'low' mintage. Back in 1986 when the Statue of Liberty gold half eagle was available in a three-coin proof set, the whole 499,000+ mintage was sold out before the pre-issue discount period ended. Lots of screaming in the collector community, how dare theys, ('they' being the US Mint) etc. The only way to buy was by mail. The certified coin grading phenomenon was only through a photo certificate from the original ANACS, owned by the American Numismatic Association. Slabs did not exist.

    In 1992 it was the same hooting and hollering with the White House bicentennial dollar, with the same maximum mintage of 500,000 coins. These beautiful coins are cheap today and have been for several years.

    Interest almost always cools way down after an initial sellout. There are some exceptions, the Buffalo silver dollar in 2001 being a prominent example, but eventually the floor shall open and the bottom will drop out even for the special dimes.
     
  6. statequarterguy

    statequarterguy Love Pucks

    Why do some compare apples & oranges. Roosy dimes are not commems, completely different collector base. Commems have always had fewer collectors - even so, if you bought the whole series of the bu commems, you would be way up.
     
  7. Rick Stachowski

    Rick Stachowski Motor City Car Capital

    Are we talking about " Bulk Graded Coins " on theses grades ?
     
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